Subsea7 has been awarded a substantial contract by Vår Energi to facilitate gas exports from the Goliat field in the Barents Sea. The project involves engineering, procurement, construction, and installation of a 12.7-kilometer pipeline to connect existing Norwegian energy infrastructure.
Statkraft has increased its Norwegian investment forecast to NOK 80 billion, up from the previous estimate of NOK 44–67 billion in January 2024, driven by a larger project portfolio, inflation, and an extended horizon. Hydropower accounts for over NOK 70 billion, with wind power expected to more than double generation over the next decade.
6 days ago • Norway
Mobius Renewables has completed the acquisition of Air Liquide's biogas production activities in the US, France, Norway, and Sweden. The portfolio includes six landfill gas-to-RNG sites in the US, five farm waste sites in France, and a 51% interest in Redo Biosolutions, generating over 5.5 million MMBtu of RNG annually.
4 weeks ago • France;Norway;Sweden;United States
Equinor has contracted Aker Solutions for front-end engineering and design services to integrate the Atlantis gas condensate discovery with existing North Sea infrastructure. The project involves modifying the Kvitebjørn platform to handle production from three new wells, with a potential follow-on execution phase scheduled to begin in early 2027.
4 weeks ago • Norway
Archer has received a three-year contract extension from Equinor for wireline and intervention services on the Norwegian Continental Shelf, valued at approximately NOK 3 billion. About half the value is attributed to Archer, with the remainder allocated to alliance partners, building on an integrated contract originally awarded in 2021.
1 month ago • Norway
Nscale has reached a renewed agreement with Microsoft to significantly increase AI computing capacity at its Narvik campus. The project involves the deployment of over 30,000 next-generation NVIDIA Rubin GPUs by 2027, positioning the 230 MW site as a primary hub for European cloud infrastructure.
1 month ago • Norway
BAE Systems OneArc has been selected by the Norwegian Armed Forces for an enterprise license upgrade to VBS4, its virtual training platform. The multi-year agreement includes VBS Builder Edition, Blue IG, software support, and training services, advancing virtual mission rehearsal and interoperability with Nordic defence partners.
2 months ago • NorwayIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.